Acton Capital holds Fund VI first close, expands investment team

Sophie Ahrens-Gruber of Acton Capital — Sophie Ahrens-Gruber, Acton Capital

Harriet Matthews
28 June 2022

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Munich-headquartered venture capital firm Acton Capital has held a first close for Acton VI, alongside the hiring of Sophie Ahrens-Gruber in its Munich office and the appointment of Hannes Blum as a partner in its Vancouver office.

A spokesperson for Acton Capital told Unquote that the fund held a first close in May 2022 and expects to hold a final close in autumn 2022. The spokesperson declined to disclose the target but said that it was above that of Acton V which held a final close in November 2019 on USD 215m.

Ahrens-Gruber was formerly the head of the corporate business development and corporate responsibility units at Hubert Burda Media. She is also a longstanding LP with Acton Capital, according to a statement.

Hannes Blum of Acton Capital Hannes Blum, Acton Capital

Blum will lead the VC’s investments in Canada and the US. He was formerly the CEO of AbeBooks and a VP at Amazon. He joined the firm in 2015.

Founded in 1999, Acton Capital invests in European startups with technology-enabled business models, deploying equity tickets of EUR 5m-10m.

The VC’s investments to date include Berlin-headquartered on-demand staffing platform developer Zenjob and Cologne-based cybersecurity training service SoSafe. The VC previously held a stake in online education platform Sofatutor, which was acquired by Emeram Capital Partners and Gimv in March 2021.